Tuesday, February 25, 2020 4:13:46 PM
It took Dave & Busters 15 years to get to their 10th location. And they had a $23.5M revolving line of credit. FUNN's plan is moving along very nicely considering we only have a fraction of what D&B had in their early years. And we have the added revenue streams of publishing and fulfillment.
Rogen Chhabra is a big part of the big picture future. Roger Mortimer is putting his money where his mouth is by funding the next four locations with his own preferred shares. There is motivation to get things done, and Rogen is devoting all his time to the USA expansion. But at the same time we will keep to the Snakes & Lattes high standards for locations, which is another key. Can't sacrifice quality in the process.
We know how popular these cafes are, and the success of Tempe will be replicated across the USA and more will come in Canada too!
Looking forward to this next growth phase. It's gonna be a big one!
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